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Can my wife contribute the max to her traditional IRA if her work has a simple IRA that she is contributing to. Will a simple IRA affect the limit on her traditional?

 
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DanaB27
Expert Alumni

Can my wife contribute the max to her traditional IRA if her work has a simple IRA that she is contributing to. Will a simple IRA affect the limit on her traditional?

Yes, if your wife is covered by a retirement plan at work and your income exceeds certain levels then it can limit her deduction of the traditional IRA. Please see IRA deduction limits for details.

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